Board Appointment

RNS Number : 1785V

Gulf Keystone Petroleum Ld

23 May 2008

GULF KEYSTONE PETROLEUM LIMITED

('Gulf Keystone' or 'the Company')

Appointment of Lord Truscott as Non-Executive Director

Gulf Keystone Petroleum Limited (AIM: GKP), an independent oil & gas exploration company with interests in Algeria and Kurdistan, is pleased to announce the appointment of Lord Truscott (49) as a Non-Executive Director.

Lord Truscott of St James's was appointed a Labour member of the House of Lords in 2004. Between 2006 and 2007, he was Parliamentary Under-Secretary of State for Energy at the Department of Trade and Industry ('DTI') and the DTI Government Spokesperson in the House of Lords. He represented Hertfordshire in the European Parliament from 1994 to 1999.

Lord Truscott is currently Parliamentary British Council Ambassador, Russian Federation and republics of the former Soviet Union ('FSU'). He has extensive contacts in Russia and the FSU, and is widely regarded as a world expert and author on the region. He is a member of the House of Lords European Union Select Committee, Sub Committee C (Foreign Affairs, Defence and Development Policy).

Following his doctorate from Oxford University, he has written extensively on foreign, energy and security policy, including a recent Royal United Services Institute report on political risk management in the energy and defence sectors. He has also participated in an Industry and Parliament Trust placement including with ConocoPhillips and KPMG, to assess different commercial approaches to risk management. He was subsequently elected a Fellow of the Industry and Parliament Trust. He was visiting Research Fellow with the Institute for Public Policy Research from 1999 to 2000 and is currently an Associate Fellow of the Royal United Services Institute for Defence and Security Studies.

Todd Kozel, Chairman and Chief Executive Officer, commented:

'Lord Truscott is a welcome addition to the Gulf Keystone board. He brings with him an assured and widely acknowledged expertise in international affairs, and political and commercial risk management, all essential to a growing resources company'.

Information in relation to Lord Truscott's appointment required pursuant to Schedule 2 paragraph (g) of the AIM rules for Companies:

Current directorships

African Minerals Limited

Eastern Petroleum Corporation Limited

Energy Enterprises Limited

Enquiries

Gulf Keystone Petroleum: +44 (0) 20 7514 1400
Todd Kozel, Executive Chairman

RBC Capital Markets: + 44 (0) 20 7653 4667

Andrew Smith
Sarah Wharry

Tristone: +44 (0) 207 399 2470

Simon Ashby-Rudd

Citigate Dewe Rogerson: +44 (0) 20 7638 9571
Media: Martin Jackson
Analysts: Kate Delahunty